Bedel Financial Consulting Inc. boosted its position in shares of Home Depot Inc (NYSE:HD) by 2.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,833 shares of the home improvement retailer’s stock after buying an additional 124 shares during the quarter. Home Depot makes up about 0.7% of Bedel Financial Consulting Inc.’s holdings, making the stock its 16th biggest holding. Bedel Financial Consulting Inc.’s holdings in Home Depot were worth $1,089,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Your Advocates Ltd. LLP purchased a new stake in shares of Home Depot in the 1st quarter worth about $27,000. Lion Street Advisors LLC purchased a new stake in Home Depot during the 1st quarter valued at about $28,000. Litman Gregory Asset Management LLC grew its position in Home Depot by 2,042.9% during the 4th quarter. Litman Gregory Asset Management LLC now owns 150 shares of the home improvement retailer’s stock valued at $33,000 after purchasing an additional 143 shares during the last quarter. Evolution Wealth Advisors LLC grew its position in Home Depot by 85.9% during the 4th quarter. Evolution Wealth Advisors LLC now owns 158 shares of the home improvement retailer’s stock valued at $35,000 after purchasing an additional 73 shares during the last quarter. Finally, John W. Brooker & Co. CPAs purchased a new stake in Home Depot during the 4th quarter valued at about $37,000. Institutional investors own 69.75% of the company’s stock.

NYSE HD traded down $0.53 on Friday, reaching $240.35. 1,017,511 shares of the stock were exchanged, compared to its average volume of 5,816,201. Home Depot Inc has a one year low of $140.63 and a one year high of $248.32. The firm has a market capitalization of $255.84 billion, a PE ratio of 23.94, a PEG ratio of 2.19 and a beta of 1.03. The company’s 50-day simple moving average is $212.69 and its two-hundred day simple moving average is $219.44.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 EPS for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.19). Home Depot had a negative return on equity of 496.11% and a net margin of 9.79%. The firm had revenue of $28.26 billion for the quarter, compared to the consensus estimate of $27.59 billion. During the same quarter in the previous year, the business posted $2.27 EPS. Home Depot’s revenue was up 7.1% on a year-over-year basis. As a group, research analysts predict that Home Depot Inc will post 9.83 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Wednesday, June 3rd. Home Depot’s dividend payout ratio (DPR) is currently 58.54%.

In other Home Depot news, EVP William G. Lennie sold 9,848 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $234.34, for a total transaction of $2,307,780.32. Following the completion of the sale, the executive vice president now directly owns 37,995 shares of the company’s stock, valued at approximately $8,903,748.30. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.26% of the company’s stock.

Several analysts recently commented on HD shares. Stifel Nicolaus increased their price objective on shares of Home Depot from $220.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday. UBS Group upped their target price on shares of Home Depot from $250.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday. Credit Suisse Group upped their target price on shares of Home Depot from $215.00 to $255.00 and gave the company an “outperform” rating in a research note on Wednesday. Barclays restated a “buy” rating and set a $260.00 target price (up previously from $235.00) on shares of Home Depot in a research note on Wednesday. Finally, Nomura Instinet upped their target price on shares of Home Depot from $240.00 to $252.00 and gave the company a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $251.03.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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